Vdeal System Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 27, 2024 to August 29, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 112 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 16,14,000 shares (aggregating up to ₹ 18.08 Cr) |
| Fresh Issue | 16,14,000 shares (aggregating up to ₹ 18.08 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 32,76,460 |
| Shareholding post issue | 48,90,460 |
| Market Maker portion | 81,600 shares Black Fox Financial |
About Vdeal System Limited IPO And Its GMP
Vdeal System Limited is ISO 9001:2015 certified, providing solutions in Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, Smart Variable Frequency Drive (VFD) panels, Medium Voltage (MV) Soft Starters, Energy Management System (EMS) and Smart Programmable Logic Controller (PLC) panels, Air-insulated & Sandwich bus ducts backed by In-house Product design & development, manufacturing, system integration, servicing of automation solutions and smart electrical control panels that adhere to high international IEC standards of quality and safety.
The Company has business relationships with global electrical players. Such strategic tie-ups with renowned brand owners give them a competitive edge over their competitors.
Key Players Involved:
- •Book Running Lead Manager: Affinity Global Capital Market Private Limited
- •Registrar: Cameo Corporate Services Limited
- •Market Maker: Black Fox Financial
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 81,600 (5.06%) |
| Other Shares Offered | 7,66,200 (47.47%) |
| Retail Shares Offered | 7,66,200 (47.47%) |
| Total Shares Offered | 16,14,000 (100%) |
Company & Financials
Incorporated in December 2009, Vdeal System Limited is an Integrated Electrical and Automation solution provider. The company specializes in Smart Low Voltage (LV) panels, Smart Medium Voltage (MV) panels, Smart Variable Frequency Drive (VFD) panels, Medium Voltage (MV) Soft Starter, Energy Management System (EMS) and Smart Programmable Logic Controller (PLC) panels. They also offer air-insulated & Sandwich bus ducts. Their services include in-house product design & development, manufacturing, system integration and servicing of automation solutions and smart electrical control panels that comply with high international IEC standards for quality and safety. The company is an ISO 9001:2015 certified company. The company's product portfolio includes several Sense IoT Gateway, Reveal Sense Node and REVNET IIoT Platform. The manufacturing unit of the company is situated in Bhubaneswar, Orissa.
Objectives of Vdeal System IPO
The company intend to utilize the issue proceeds to meet the following objectives:
- •To meet the working capital requirements
- •Prepayment and repayment of all or a portion of certain secured and unsecured loans availed by the company
- •General Corporate Purpose
- •To meet the Offer expenses
Vdeal System IPO Review
The company is an emerging niche player in integrated electrical and automation solutions. It has a tie-up with global leaders in the segment and that provides it an edge over others. The last three fiscals’ performance indicates likely trends going forward. Small equity capital post IPO indicates longer gestation for migration. Though the issue appears fully priced, investors may park funds for the long term.
Vdeal System Limited IPO And Its GMP Financial Information
Latest Revenue
2,625.08
₹ Crore
Profit After Tax
311.38
₹ Crore
Net Worth
628.75
₹ Crore
Total Borrowing
937.67
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 2,727.93 | 2,625.08 | 311.38 | 628.75 | 937.67 | ||||
| 31 Mar 2023 | 1,544.44 | 2,075.41 | 110.09 | 341.83 | 621.02 | ||||
| 31 Mar 2022 | 1,142.33 | 1,623.96 | 23.1 | 231.73 | 639.51 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹112 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹30, and a lot size of 1200 shares.
Vdeal System Limited IPO And Its GMP GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-02 | ₹112 | ₹30.0 (27%) | 2024-09-02 |
Vdeal System Limited IPO And Its GMP Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 49.52% |
| ROCE | 32.83% |
| Debt/Equity | 1.49 |
| RoNW | 49.52% |
| P/BV | 5.84 |
| PAT Margin (%) | 11.87 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.5 | 6.37 |
| P/E (x) | 11.79 | 17.59 |
Frequently Asked Questions
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Competitive Strengths
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Vdeal System Limited IPO And Its GMP IPO Timeline
| IPO Open Date | Tuesday, August 27, 2024 |
| IPO Close Date | Thursday, August 29, 2024 |
| Basis of Allotment | Friday, August 30, 2024 |
| Initiation of Refunds | Monday, September 2, 2024 |
| Credit of Shares to Demat | Monday, September 2, 2024 |
| Listing Date | Tuesday, September 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 29, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹134,400 |
| Retail (Max) | 1 | 1200 | ₹134,400 |
| HNI (Min) | 2 | 2,400 | ₹268,800 |